38. value: 1.00 points Problem 12-21 WACC and NPV [L0 4] Hankins, Inc., is considering a project that will result in initial aftertax cash savings of $6.6 million at the end of the rst year, and these savings will grow at a rate of 3 percent per year indenitely. The rm has a target debtequity ratio of .65, a cost of equity of 13 percent, and an aftertax cost of debt of 6 percent. The cost- saving proposal is somewhat riskier than the usual project the rm undertakes; management uses the subjective approach and applies an adjustment factor of +2 percent to the cost of capital for such risky projects. Calculate the WACC. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.) WACC % What is the maximum cost the company would be willing to pay for this project? (Do not round intermediate calculations and round your answer to 2 decimal placesI e.g.. 32.16.) Present value $